Answer:
$322,990
Explanation:
The reconciled estimated market value of the subject property will be calculated as follows:
($329,500 X 0.45) + ($320,900 X 0.35) + ($312,000 X 0.2) = $322,990
Answer:
Supplies should be recorded as an expense when it is used up during an accounting period.
Explanation:
Supplies which is also refers to as office supplies can be described as consumables and equipment which are used from time to time by company. Examples of office supplies include printer paper, pencils, notebooks, binders, pens and among others.
When supplies are bought before they are used, they are recorded as office supplies by adding them to office supplies on hand at the beginning of to obtain total supplies for an accounting period under the current asset in the balance sheet. Any part of the office supplies used up during an accounting period is recorded an expense during that accounting period in the income statement. The part used is deducted from the total supplies obtained supplies on hand at the an accounting period to be recorded under the current asset in the balance sheet.
Therefore, supplies should be recorded as an expense when it is used up during an accounting period.
Answer:
Option b is correct
Explanation:
The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.
Answer:
the bad debt expense is $6,830
Explanation:
The computation of the bad debt expense is shown below:
= Estimated uncollectible amount + debit balance of allowance for doubtful accounts
= $6,300 + $530
= $6,830
Hence, the bad debt expense is $6,830
We simply added the above amount as it represent the bad debt amount
The same is to be considered
Answer:
d.9.34%
Explanation:
The formula for the weighted average cost of capital is provided below as a starting point for solving this question:
WACC=(weight of equity*cost of equity)+(weight of debt*after-tax cost of debt)
weight of equity=1-debt %=1-50%=50%
weight of debt=50%
cost of equity=13.6%
after-tax cost of debt=7.8%*(1-35%)
after-tax cost of debt=5.07%
WACC=(50%*13.6%)+(50%*5.07%)
WACC=9.34%
The discount rate is computed based on the target or preferred capital structure
